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Source: Seluxit A/S

Seluxit increases its expectations for the turnover and result for the financial year 2018/2019 - Company Announcement No. 9-2018/2019 

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Seluxit increases its expectations for the turnover and result for the financial year 2018/2019.

Company Announcement No. 9-2018/2019 
Aalborg, 10. July 2019 

Seluxit, which was listed on November 2018, increases its expectations for the financial year 2018/2019.

In connection with the preparation of the annual report for 2018/19 Seluxit A/S has decided to increase the expectations for the financial result of the fiscal year 2018/19, compared to the previously announced expectations in the company description (“Virksomhedsbeskrivelse”).

Seluxit expects revenue to increase by up to 50% from the budgeted 12 million DKK to between 17 and 18 million DKK. Seluxit expects profit before tax to improve by up to almost 1 million DKK, from the expected -6,4 million DKK to between -5,5 and -6,0 million DKK.

The upward adjustment is primarily a result of the increased sales of IoT combined hard- and software solutions for mainly the SmartMeter segment.

Further information on the development of Seluxit A/S in the financial year 2018/19 will be stated in the Annual Report for 2018/19, which is being prepared and will be published on 25th of September 2019, as previously announced in the company's financial calendar.

Further information: CEO Daniel Lux

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Seluxit A/S
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About Seluxit:
Seluxit is an Internet of Things (IoT) solution provider. We help product manufacturers connect their physical products to the Internet, and benefit from the value of data. Millions of Seluxit-powered IoT products are already deployed in 19 European countries and counting.  Seluxit’s vision is to be a major contributor to the story of the Internet of Things — how we humans can orchestrate connected products to improve our lives, while preserving our security and privacy.